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Gold, Silver, Platinum Forecasts – Gold Dives Amid A Broad Sell-Off In Commodity Markets
Gold: chart Gold is under strong pressure as traders focus on rising Treasury yields and prepare for hawkish comments from Fed Chair Jerome Powell. The Fed will announce its Interest Rate Decision tomorrow. In case gold settles below the support at $2295 – $2305, it will head towards the next support level at $2190 – $2200. Silver: chart Silver is losing ground as gold/silver ratio climbed towards the 87 level. RSI remains in the moderate territory, so there is plenty of room to gain additional downside momentum. A move below the support at $26.00 – $26.30 will open the way to the test of the next support ... (full story)